Reliance, Inc. (NYSE:RS) Receives Consensus Rating of “Hold” from Brokerages

Reliance, Inc. (NYSE:RS) has been assigned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $364.50.

Several brokerages have recently commented on RS. Wall Street Zen raised Reliance from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. BMO Capital Markets raised their target price on shares of Reliance from $320.00 to $350.00 and gave the company a “market perform” rating in a research note on Monday, April 27th. Wells Fargo & Company boosted their price target on shares of Reliance from $343.00 to $376.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 4th. Weiss Ratings raised shares of Reliance from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Reliance from $345.00 to $378.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th.

Insiders Place Their Bets

In other Reliance news, CFO Arthur Ajemyan sold 3,500 shares of Reliance stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $358.12, for a total transaction of $1,253,420.00. Following the completion of the sale, the chief financial officer owned 16,840 shares of the company’s stock, valued at $6,030,740.80. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Reliance

A number of large investors have recently modified their holdings of the company. Elevation Wealth Partners LLC bought a new stake in Reliance in the 4th quarter worth approximately $28,000. Costello Asset Management INC bought a new position in Reliance during the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. raised its stake in shares of Reliance by 86.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 50 shares in the last quarter. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the 4th quarter worth approximately $32,000. Finally, Quarry LP bought a new stake in shares of Reliance in the 3rd quarter worth approximately $32,000. 79.26% of the stock is owned by hedge funds and other institutional investors.

Reliance Trading Up 0.2%

Shares of RS stock opened at $372.89 on Friday. The company has a market capitalization of $19.04 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.15 and a beta of 0.97. Reliance has a 52-week low of $260.31 and a 52-week high of $419.83. The business’s fifty day moving average is $379.92 and its 200 day moving average is $337.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 2.24 and a current ratio of 4.39.

Reliance (NYSE:RS) last posted its earnings results on Wednesday, April 22nd. The industrial products company reported $5.16 EPS for the quarter, topping the consensus estimate of $4.63 by $0.53. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Reliance had a return on equity of 11.37% and a net margin of 5.42%.The firm’s revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.77 earnings per share. Reliance has set its Q2 2026 guidance at 5.150-5.350 EPS. On average, equities research analysts anticipate that Reliance will post 19.26 EPS for the current fiscal year.

Reliance Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 22nd. Reliance’s dividend payout ratio is currently 32.62%.

Reliance Company Profile

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.